Aika

Government expenditure on Covid-19 surpasses MVR 3 Billion!

February 18, 2021, 11:09

Male', Maldives - As of the 6th week of 2021, the Maldivian government spent a cumulative MVR 1482.2 million towards Covid-19 Total Health & Social Spending.  Week by week spending… Continued

Are global economies de-dollarizing?

February 15, 2021, 11:40

De-dollarization is a global trend in which currencies other than the US dollar are used in trading commodities such as oil and gas, purchasing US dollars for foreign exchange reserves… Continued

Lowest deflation rate recorded in June 2020

February 8, 2021, 10:48

Malé, Maldives - Maldives Monetary Authority (MMA) has reported that the Maldivian economy saw the lowest deflation in June 2020. In 2020, Maldives faced an economic downturn amidst the Covid-19… Continued

Maldives GDP dropped to -29.3% in 2020 – lowest in recent history

February 7, 2021, 21:02

Malé, Maldives - Maldives Monetary Authority (MMA) has reported that the Real GDP growth rate, i.e the nominal GDP adjusted for inflation, fell to -29.3 percent in 2020. According to… Continued

MTCC reports highest ever revenue and profit generated in 40 years

February 2, 2021, 15:42

Male', Maldives - Despite the negative impact on some profit making divisions due to the pandemic, in 2020, MTCC recorded the highest revenue and profit figures in its 40 years… Continued

Dhiraagu profits soar by 19% in final quarter of 2020

February 1, 2021, 16:57

Male', Maldives - Dhiraagu generated a Net Profit of MVR 188 million in fourth quarter (Q4) of 2020, a 19% increase compared to Q3 of 2020 Revenue generated in Q4… Continued

Ooredoo generates a profit of MVR 407 million in 2020

February 1, 2021, 14:01

Male', Maldives - Ooredoo Maldives has released its fourth quarterly report for the year ended 2020. Ooredoo reported MVR 402 million in revenue in the fourth quarter (Q4) of 2020.… Continued

BML reports net loss of MVR 326 million in the fourth quarter of 2020

January 31, 2021, 15:30

Bank of Maldives (BML) has released its fourth quarterly report for the year ended 2020. The fourth quarter (Q4) of 2020 generated a gross income of MVR 728 million and… Continued